Schroder Real Estate Investment Trust Regulatory News (SREI)

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

(c)

Name of the party to the offer with which exempt principal trader is connected

 A CONSORTIUM COMPRISING LONDONMETRIC PROPERTY PLC AND SCHRODER REAL ESTATE INVESTMENT TRUST LIMITED

(d)

Date position held/dealing undertaken:

09 Jun 2026

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: PICTON PROPERTY INCOME LIMITED

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

LondonMetric Property plc 10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

10,360,171

0.44%

4,817,285

0.21%

(2) Cash-settled derivatives:

6,081,395

0.26%

7,558,728

0.32%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

16,441,566

0.70%

12,376,013

0.53%

Class of relevant security:

Schroder Real Estate Investment Trust Limited ordinary NPV

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

1,447,044

0.30%

558,778

0.11%

(2) Cash-settled derivatives:

119,120

0.02%

1,005,079

0.21%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

1,566,164

0.32%

1,563,857

0.32%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

LondonMetric Property plc 10p ordinary

Purchase

2271274

1.8160 GBP

1.7916 GBP

LondonMetric Property plc 10p ordinary

Sale

2792887

1.8210 GBP

1.7862 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Purchase

25830

0.4686 GBP

0.4649 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

Sale

12515

0.4715 GBP

0.4650 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

461

1.8028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

17

1.8088 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

6,231

1.8059 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

22,618

1.8078 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

122

1.7921 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

16,487

1.8115 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

111,136

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,112

1.8067 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Short

878,388

1.8030 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Long

539,890

1.8030 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

2

1.8050 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

7,066

1.8061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

12,377

1.8061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

25,554

1.8030 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

65

1.8100 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Short

21,489

1.8112 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

4,217

1.7999 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

3,955

1.8079 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

3,388

1.8067 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

43,636

1.8079 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

5,709

1.8062 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

121

1.8028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

30,775

1.8078 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

953

1.8028 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

184

1.8085 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Short

12,397

1.8079 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

29,792

1.8057 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,570

1.8122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

19,492

1.8100 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

2,306

1.8140 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

24,140

1.8085 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,691

1.8079 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,635

1.8094 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

7,066

1.8071 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

67,677

1.8123 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

265,400

1.8084 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Short

24,547

1.8124 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

3,879

1.8031 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

414

1.8122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,296

1.8122 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

806

1.8066 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

14,100

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

151

1.8080 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

20,491

1.8051 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

4,888

1.8059 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

233

1.8137 GBP

LondonMetric Property plc 10p ordinary

CFD

Decreasing Long

7,069

1.8131 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

10,164

1.8143 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

5,169

1.8032 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

112,800

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

172,293

1.8060 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

26,720

1.8157 GBP

LondonMetric Property plc 10p ordinary

CFD

Increasing Long

11,132

1.8131 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

146

1.8078 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

3,491

1.8008 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

32,960

1.8100 GBP

LondonMetric Property plc 10p ordinary

CFD

Closing Long

244,113

1.8060 GBP

LondonMetric Property plc 10p ordinary

CFD

Opening Short

8,927

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

19,152

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

64,277

1.8123 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

11,376

1.8047 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

60,267

1.8061 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Short

122,010

1.8106 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

1,774

1.8059 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

172,773

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

6,380

1.8060 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

42,468

1.8084 GBP

LondonMetric Property plc 10p ordinary

SWAP

Decreasing Long

2,119

1.8090 GBP

LondonMetric Property plc 10p ordinary

SWAP

Increasing Long

220,592

1.8088 GBP

LondonMetric Property plc 10p ordinary

SWAP

Closing Long

529,152

1.8081 GBP

LondonMetric Property plc 10p ordinary

SWAP

Opening Short

89,160

1.8081 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

28

0.4678 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

270

0.4650 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Decreasing Short

81

0.4681 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

CFD

Increasing Long

2,597

0.4715 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

19

0.4650 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,333

0.4685 GBP

Schroder Real Estate Investment Trust Limited ordinary NPV

SWAP

Increasing Short

3,333

0.4685 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

10 Jun 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213